Taxes on goods and services (current LCU) in Somalia
Somalia: Taxes on goods and services (current LCU) was 1.48 trillion current LCU in 2024. ▼ Falling
Taxes on goods and services in Somalia, 2017–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on goods and services in Somalia is 1.48 trillion current LCU, measured in 2024.
Compared with earlier readings it is up 34.1% on the previous year and up 38.2% over ten years.
Somalia ranks 31st of 157 countries on this measure, in the top quarter.
Taxes on goods and services (current LCU) in Somalia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2017 | 1.07 trillion current LCU | — |
| 2018 | 1.68 trillion current LCU | +56.8% |
| 2019 | 1.18 trillion current LCU | -29.6% |
| 2020 | 832.49 billion current LCU | -29.4% |
| 2021 | 989.55 billion current LCU | +18.9% |
| 2022 | 879.53 billion current LCU | -11.1% |
| 2023 | 1.10 trillion current LCU | +25.3% |
| 2024 | 1.48 trillion current LCU | +34.1% |
Somalia compared with similar countries
- Somalia's 1.48 trillion current LCU is above the median for low income countries, which is 654.58 billion current LCU, 2.3× the median. (15 countries reporting)
- Somalia's 1.48 trillion current LCU is above the median for Sub-Saharan Africa, which is 230.02 billion current LCU, 6.4× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.31 trillion current LCU | 1.07 trillion current LCU | 1.68 trillion current LCU | 3 |
| 2020s | 1.06 trillion current LCU | 832.49 billion current LCU | 1.48 trillion current LCU | 5 |
Countries ranked near Somalia
More public sector data for Somalia
- Democracy, annual growth rate -100 % change on previous year (1991)
- Chief executive of the government is elected, annual growth rate -100 % change on previous year (1991)
- Universal right to vote in practice, annual growth rate -100 % change on previous year (1991)
- Elected parliament, annual growth rate -100 % change on previous year (1991)
- Universal right to vote, annual growth rate -100 % change on previous year (2012)
- Men's universal right to vote, annual growth rate -100 % change on previous year (2012)
- Democracy 0 (2025)
- Chief executive of the government is elected 0 (2025)
- Elected parliament 0 (2025)
- Men's universal right to vote 0 (2025)
Frequently asked questions
- What is taxes on goods and services in Somalia?
- Taxes on goods and services in Somalia was 1.48 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Somalia?
- The highest recorded value was 1.68 trillion current LCU in 2018.
- What is the lowest taxes on goods and services recorded in Somalia?
- The lowest recorded value was 832.49 billion current LCU in 2020.
- How does Somalia rank for taxes on goods and services?
- Somalia ranks 31st out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Somalia?
- Over the last ten years it is up 38.2%. The long-run trend across the full record is falling.
- Where does this Somalia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.